Iceland Relaunches Interest-Free "Food Club" Loans to Help Families During School Holidays
Iceland is helping families across the UK this Summer by offering interest-free loans of up to £75, which rises to £100 once the initial loan is paid off.
For the fourth year in a row, Iceland is bringing back their popular interest-free loan scheme, the Food Club loan, which promises to help families across the UK this Summer. With many families falling into 'Buy Now, Pay Later' debt traps over the school holidays, Iceland aim to fix this issue by offering interest-free loans between £25 and £75, with weekly repayment instalments of £10. Once the initial loan is paid off, customers can borrow an additional £100.
It can be difficult over the holidays, with no school for kids to go to, families need to stock up their homes with more drinks and snacks than usual. The executive chairman of Iceland, Richard Walker, promises that, "Our Food Club will be available this summer, offering real, practical support that helps people stock up their fridges and freezers without falling into debt traps."
(Image credit: Getty Images)
The summer holidays shouldn't be a stressful time for families, and Iceland understands this issue, with Richard Walker saying that, "The summer holidays should be a time for families to relax and make memories, not worry about how they’re going to afford their next food shop. But the reality for millions is very different."
Already, Iceland has given out up to £12.5 million to 31,000 customers. If you believe you would benefit from Iceland's Food Club loan, you can sign up via fairforyou.co.uk. As with any loan, however, you should always be considerate in how you're going to repay it, as any missed payments could affect your credit score.
If you're looking for other ways to save on your grocery shopping and tackle the rise of inflation, we've written extensive articles on loyalty cards and rewards schemes for Morrisons, Iceland, Tesco and more.
Hey, I’m Matt. I first joined MyVoucherCodes as a Deals Expert, scouring the internet and leaving no stone unturned in finding the best discount codes, sales, and offers for our customers. Moving into my first home during the worst possible time (during lockdown) I understand the necessity of saving money when the purse strings are tight. I’ll do my very best to save you money wherever I can.
Outside of saving money, I’m into video games, movies, books and music. I host a video game podcast called The Retry Hard Podcast, where my friend and I go through news, reviews and video games in general. I also put out music through my pop-punk band, Truika, and as a solo artist under the name Matt Kiano, where I won Best Male Artist of 2025 at the Radio Wigwam awards.
